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less than simpson-bowles. look at his overall plan -- '-- s. . >> maybe his negotiating position would be enhanced if we went over the cliff. >> i do not think we want to go over the cliff. we are trying to avoid going over the cliff. the real issue is whether our republican colleagues are willing to make those tough decisions before january 1, or whether they will only face those decisions after january 1. the president laid out a clear plan not just since the election but before the election for how to get there. when i say that speaker banner has set the right tone but the jury is still out on the substance of this proposal, let us see the substance. the president has been transparent. let us see what the speaker is proposing because if it does not hit those targets, then we are not going to accomplish our goal of long-term deficit reduction with inappropriate revenue component. it would be really bad if we just kicked the can down the road here again. between what happens in the next six weeks and what hap
less than simpson-bowles. look at his overall plan -- '-- s. . >> maybe his negotiating position would be enhanced if we went over the cliff. >> i do not think we want to go over the cliff. we are trying to avoid going over the cliff. the real issue is whether our republican colleagues are willing to make those tough decisions before january 1, or whether they will only face those decisions after january 1. the president laid out a clear plan not just since the election but before...
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simpson-bowles is the way forward. what did simpson-bowles do? they didn't raise tax rates they eliminated deductions. all but two. interest on your home with a cap and charitable deductions and and they had lower rates at 25% corporate rate. the top individual rate was around 30%. they took that trillion dollars from eliminationing deductions and exemptions. they d they put some of it on the debt and buydown rates and did entitlement reform. that is what i think will wind up doing and we'll come together on discretionary spending cuts. i'm optimistic after hearing john boehner today that revenue would be on the table in the form of simpson-bowles. i think that's the magic way forward. and the democrats have to do entitlement reform. >> but if you look at the polls, people actually voted for, a lot of them support raising taxes on the wealthiest americans. boehner said he would not do that. he would not support it, harry reid said democrats would insist on those taxes being raised. >> all i would suggest is that every bipartisan group has looked
simpson-bowles is the way forward. what did simpson-bowles do? they didn't raise tax rates they eliminated deductions. all but two. interest on your home with a cap and charitable deductions and and they had lower rates at 25% corporate rate. the top individual rate was around 30%. they took that trillion dollars from eliminationing deductions and exemptions. they d they put some of it on the debt and buydown rates and did entitlement reform. that is what i think will wind up doing and we'll...
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simpson bowles is the way forward. they didn't raise tax rates they eliminated deductions. all but two. interest on your home with a cap and charitable deductions and they had 25% corporate rates. they took that $1 trillion and they put some of it on the debt and some of it on the buy down rates. that is what i think will wind up doing and we'll come together on the spending cuts. i'm optimistic after hearing john boehner today that revenue would be on the table in the form of simpson bowles. if you look at the polls. a lot of them do support raising taxes on the wealthiest americans. he said he wouldn't support it. harry r are eid said he would insist on those taxes being raised. the gang of six. three republicans and three democrats simpson bowles rejected higher tax rates and raised revenue by eliminating dedud deductions and creating economic growth. >> did that get you where you need to be on deficit reduction? >> absolutely it does. there is $1 trillion out there every year that we give away through the tax code. take that $1 trillion back and apply some of it through
simpson bowles is the way forward. they didn't raise tax rates they eliminated deductions. all but two. interest on your home with a cap and charitable deductions and they had 25% corporate rates. they took that $1 trillion and they put some of it on the debt and some of it on the buy down rates. that is what i think will wind up doing and we'll come together on the spending cuts. i'm optimistic after hearing john boehner today that revenue would be on the table in the form of simpson bowles....
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Nov 16, 2012
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than simpson-bowles. so look, i think 1.6 trillion is a good target, although less than simpson-bowles, but i think if you look at his overall plan, the president has that right balance spent there's been some democrats have suggested maybe your leverage position would be enhanced if we went over the cliff. what do you think of that? >> well, i don't think we want to go over the cliff. we are trying to avoid going over the cliff. the real issue is whether our republican colleagues are willing to make those tough decisions before january 1, or whether they will only face those decisions after january 1. the president has laid out a very clear plan, not just since the election, but before the election or how to get there. so when i say that speaker boehner has set the right tone, but the jury is still out on the substance of his proposal, let's see the substance. the president has been transparent to let's see what the speakers proposing that because if it doesn't hit those targets, and then were not going
than simpson-bowles. so look, i think 1.6 trillion is a good target, although less than simpson-bowles, but i think if you look at his overall plan, the president has that right balance spent there's been some democrats have suggested maybe your leverage position would be enhanced if we went over the cliff. what do you think of that? >> well, i don't think we want to go over the cliff. we are trying to avoid going over the cliff. the real issue is whether our republican colleagues are...
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go back to simpson-bowles. simpson bowles rejected the idea of higher tax rates. the people who will give up most deductions are the wealthy among us. big a rate, 30% and tell people you have to pay it. how many americans in the upper income level fully pay 35%. the tax code is a social engineering document. flatten the tax rate, make people pay the rate you pick, have a 25% corporate rate. if you have bad tax policy, you're going to have bad job creation. simpson-bowles is the way to go forward. i'm confident that's the way we will go. >> we'll watch it, senator graham, appreciate your time. >>> coming up next, john king and candy crowley, also david gergen and gloria borger. when you listen to senator graham, do you get a sense that we're looking at anything other than gridlock? you can say simpson-bowles all you want. >> you're going to hear a lot of simpson-bowles. you do have a mid -- speaker boehner planted a flag today, he said i want to be conciliatory, i want to listen. harry reid said i'm not going to draw any lines in the stands. the burden is on the pr
go back to simpson-bowles. simpson bowles rejected the idea of higher tax rates. the people who will give up most deductions are the wealthy among us. big a rate, 30% and tell people you have to pay it. how many americans in the upper income level fully pay 35%. the tax code is a social engineering document. flatten the tax rate, make people pay the rate you pick, have a 25% corporate rate. if you have bad tax policy, you're going to have bad job creation. simpson-bowles is the way to go...
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Nov 14, 2012
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blacks obama rejected simpson- bowles. -- >> obama rejected simpson- bowles. why are you considering it? >> this is both a strength and a week -- weakness for simpson- bowles. simpson-bowles provides great architecture. it does not flesh out every detail. nobody has taken simpson-bowles and converted that from a well thought out blueprint into legislation because there are lots of various ambiguities. the overall architecture of simpson-bowles says we should achieve deficit reduction through combination of cuts and revenue. it seems to me we could take that as the starting point. that is how we had deficit numbers. my view is we take the ratios, "wall street journal simpson- bowlsimpson-bowles, and move forward. if we disagree, we have an obligation to come up with something else. the president's budget is actually much more closely aligned with the framework of simpson-bowles than the other budget we have seen coming out of the house, for example. partly by virtue of the fact he has revenue in addition to cats. the president's budget has some significant cuts
blacks obama rejected simpson- bowles. -- >> obama rejected simpson- bowles. why are you considering it? >> this is both a strength and a week -- weakness for simpson- bowles. simpson-bowles provides great architecture. it does not flesh out every detail. nobody has taken simpson-bowles and converted that from a well thought out blueprint into legislation because there are lots of various ambiguities. the overall architecture of simpson-bowles says we should achieve deficit...
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Nov 19, 2012
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less than simpson-bowles. look at his overall plan. >> maybe his negotiating position would be enhanced if we went over the cliff. >> i do not think we want to go over the cliff. we are trying to avoid going over the cliff. the real issue is whether our republican colleagues are willing to make those tough decisions before january 1, or whether they will only face those decisions after january 1. the president laid out a clear plan not just since the election but before the election for how to get there. when i say that speaker banner has set the right tone but the jury is still out on the substance of this proposal, let us see the substance. the president has been transparent. let us see what the speaker is proposing because if it does not hit those targets, then we are not going to accomplish our goal of long-term deficit reduction with inappropriate revenue component. it would be really bad if we just kicked the can down the road here again. between what happens in the next six weeks and what happens over t
less than simpson-bowles. look at his overall plan. >> maybe his negotiating position would be enhanced if we went over the cliff. >> i do not think we want to go over the cliff. we are trying to avoid going over the cliff. the real issue is whether our republican colleagues are willing to make those tough decisions before january 1, or whether they will only face those decisions after january 1. the president laid out a clear plan not just since the election but before the election...
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simpson-bowles was terrific. i think it wasn't perfect from my perspective. >> you can't figure out why they haven't been? there's entitlement cut and lowering marginal rates to 20%. that's a nonstarter, both of those. >> if you look at the distributional effect of simpson-bowles it's much more favorable because simpson-bowles also raised the capital gaines. if you look back to 86, what we did was we lowered rates by raising the capital gains rate. that's something that would -- republicans aren't going to like but it's a way to tax the rich. >> i agree. i think i could sell it to the left if they would just listen. i could sell higher capital gains. some of it is much better than this. it's like 2% or 3% rise on the upper marginal rates. you know, they've got a much better deal if we do no deductions and we do a rise in capital gains rate. you get a lot more money from rich people. i don't think they understand that. >> absolutely. the certain peculiarities like people have been talking about for years where it'
simpson-bowles was terrific. i think it wasn't perfect from my perspective. >> you can't figure out why they haven't been? there's entitlement cut and lowering marginal rates to 20%. that's a nonstarter, both of those. >> if you look at the distributional effect of simpson-bowles it's much more favorable because simpson-bowles also raised the capital gaines. if you look back to 86, what we did was we lowered rates by raising the capital gains rate. that's something that would --...
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you know, he's got on the shelf his fiscal framework which people will dispute the numbers like simpson-bowles. will he butt that down and tweak it some in a way that gives the concession to republicans to show his good faith, bring it to the table and get something done fast? and in doing something like that getting the bipartisan support to, you know, detrigger this fiscal cliff, all of these spending cuts an tax increases that would otherwise happen at the end of the year? if it's mitt romney who gets elected, i think -- you know, he doesn't have that kind of plan on the shelf. we all know how big his economic plan has been in this campaign. i think there will be -- he will ask for and probably get agreement to as they say kick the can down the road. >> assuming the house stays where it is. >> they talked about delaying things for a year to give him time to put down his plan. >> to me the question is if we have an obama victory does senator mitch mcconnell come out chases saying look, it's time to cut the deal? and also what does paul ryan think. he will be the darling of the republicans. g
you know, he's got on the shelf his fiscal framework which people will dispute the numbers like simpson-bowles. will he butt that down and tweak it some in a way that gives the concession to republicans to show his good faith, bring it to the table and get something done fast? and in doing something like that getting the bipartisan support to, you know, detrigger this fiscal cliff, all of these spending cuts an tax increases that would otherwise happen at the end of the year? if it's mitt...
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the same approach given by bowles-simpson. >> bret: this will be a busy sometime. thanks. stocks took a dive this morning and didn't get much better after that. dow plunged 313 today. the s&p 500 dropped 34. the nasdaq lost 75. analysis of the economic impact from the colleagues at fox business network. melissa francis. good evening. >> good evening. >> yeah. when you look out at the stock market and you try to ask yourself why did it fall today, but yesterday when it looked like president obama was winning, it went up. >> the difference they looked out and realized that the taxes would go up on the dividends and the capital gains most likely from a basic sense when you make invest in the the market you try to predict how much a stock will go up. the investments look less attractive. at the same time, people look down and maybe you voted for individual candidate. these are folks that let us get the economy, the cliff. and these are the same people. what makes me think together that it doesn't seem like it will make things better. >> bret: right. that is why the market thin
the same approach given by bowles-simpson. >> bret: this will be a busy sometime. thanks. stocks took a dive this morning and didn't get much better after that. dow plunged 313 today. the s&p 500 dropped 34. the nasdaq lost 75. analysis of the economic impact from the colleagues at fox business network. melissa francis. good evening. >> good evening. >> yeah. when you look out at the stock market and you try to ask yourself why did it fall today, but yesterday when it...
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that's what every debt commission from simpson bowls on down to rugman, you have to have the right mix. the two most important things on entitlements that really deal with health care, you have to deal with end of life decisions, you have to deal with fee for service. if you don't deal with those things it's very difficult to get entitlements controlled. on taxes the arithmetic is simple. right now we're at 24% of gdp in terms of spending. talks are at 15%. paul ryan called for spending -- >> the problem julian -- >> let me finish the point, if i may, sara. paul ryan called for 20% of gdp. you can't close the gap even if you use the republican's budget figures, you can't close the gap without some kind of revenue and you can't get the revenue simply by closing loopholes. >> i don't think that's true. i think the bigger challenge here is the math doesn't work for the president either. he's talking about a $1.6 trillion revenue rate. even if you raise the rates. even if you close some deductions, you don't get there. so the little secret here is that the taxes are going up not just on ri
that's what every debt commission from simpson bowls on down to rugman, you have to have the right mix. the two most important things on entitlements that really deal with health care, you have to deal with end of life decisions, you have to deal with fee for service. if you don't deal with those things it's very difficult to get entitlements controlled. on taxes the arithmetic is simple. right now we're at 24% of gdp in terms of spending. talks are at 15%. paul ryan called for spending --...
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/bowles. that might not be big enough for some people. they were talking about some $4 trillion in deficit reduction. i think that's what's on the table. when you hear what the president said in the weeks leading up to it and immediately after, he already called the congressional leader. you heard the nuanced statement from speaker boehner putting things on the table in a veryco. he wasn't for raising taxes but tax revenues. he cited reagan and tip o'neill the '80s, maybe the speaker needed to be reminded, taxes were raised. >> how would you characterize this president's second prential victory? >> i think it was decisive. he had almost the exact same margin that john kennedy did in electoral votes over nixon in the '60s. you know, mike was mentioning the word honeoon. it worries me, breaks my heart to think the word is antique. it was a newly elected president would get 90, 100 days in which would try to get along. '92, bill clinton won, bob dole went on tv and said, i'm representing 57% of a
/bowles. that might not be big enough for some people. they were talking about some $4 trillion in deficit reduction. i think that's what's on the table. when you hear what the president said in the weeks leading up to it and immediately after, he already called the congressional leader. you heard the nuanced statement from speaker boehner putting things on the table in a veryco. he wasn't for raising taxes but tax revenues. he cited reagan and tip o'neill the '80s, maybe the speaker needed to...
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if he leads on this and gets a deal along the line of sim southern bowles of what -- simpson-bowles and john talks about. i am co-chair with judd greg to fix the the debt, we've raised $35 million from businesses, over 200 businesses that have signed on our petition knowing full well that means raising significant risk new. business understands. the reason the president is meeting with them, he wants business to deliver that message to the republicans, we want this done and getting it done means raising revenue. >> listen, isn't the trick that rich folks and that businesses that are plutocrat friends are trying to pull, raise our personal income tax rate because most of them don't pay it. most pay their taxes through the capital gains tax. >> which is another piece. >> where they get to keep their 15% capital gains tax rate, lower their corporate rates which is how they pay their taxes. income tax rates don't matter because they will find shelters in the cayman islands. >> the only way it works to lower the corporate rates close a lot of those loopholes. >> that sounds on what mitt romn
if he leads on this and gets a deal along the line of sim southern bowles of what -- simpson-bowles and john talks about. i am co-chair with judd greg to fix the the debt, we've raised $35 million from businesses, over 200 businesses that have signed on our petition knowing full well that means raising significant risk new. business understands. the reason the president is meeting with them, he wants business to deliver that message to the republicans, we want this done and getting it done...
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remember, simpson-bowles includes social security reform. what it doesn't include is health care reform. congressman ryan and senator widen from oregon, a democrat and a republican, do have a proposal that is bipartisan to do health care. that solves health care. but deficit reduction commission is not all that's necessary. what we also need to establish is a growth commission. we can never solve our entitlement problems with 1.5% to 2% growth. we need 3.5% to 4%. >> we've got to get back on the track toward growth. one of the issues out there is the idea of a heavy regulation. can you walk us through the differences of the regulatory environment, how the environment will impact the banking sector, for example. financial services under obama versus under romney. >> well, i think it's also a matter of jobs again. i can just tell you that under dodd frank, the bottom 25% of the income levels will not have access to credit. dodd frank says that a bank should not make a loan unless they're sure that the borrower can pay it back. >> isn't that th
remember, simpson-bowles includes social security reform. what it doesn't include is health care reform. congressman ryan and senator widen from oregon, a democrat and a republican, do have a proposal that is bipartisan to do health care. that solves health care. but deficit reduction commission is not all that's necessary. what we also need to establish is a growth commission. we can never solve our entitlement problems with 1.5% to 2% growth. we need 3.5% to 4%. >> we've got to get back...
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>> first, simpson-bowles. i think simpson-bowles did the country a real service in three basic ways. one, in coming up with a balanced package that had revenues. we can, you know, around the edges you can dispute whether it was too little in revenues or whether the $900 billion in cuts we've done already changed the balance but the basic balanced approach was the right way to go. second, i thought the $4 trillion number is just about the right number for us to shoot for. i think they chose it because it turns the fiscal cliff around. in other words, deficits go down rather than up once you do $4 trillion of deficit reduction. most importantly they brought democrats and republicans together, which despite the hope of both democrats and republicans, might not be necessary in 2013 is for the reasons i mentioned in my opening remarks about the need, the public wants us to compromise somewhere in the middle. so i think they did those things. as you know i disagree with simpson-bowles on bridging that -- bringing th
>> first, simpson-bowles. i think simpson-bowles did the country a real service in three basic ways. one, in coming up with a balanced package that had revenues. we can, you know, around the edges you can dispute whether it was too little in revenues or whether the $900 billion in cuts we've done already changed the balance but the basic balanced approach was the right way to go. second, i thought the $4 trillion number is just about the right number for us to shoot for. i think they...
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. >> but he didn't back simpson bowles, which had the same plan. >> but the framework of his proposal, a mix of cuts and revenue, is much closer to simpson bowles than anything the republicans have put on the table. >> so, will the president negotiate this himself? a lot of reason people were upset with him, that the country was slit on this election was because it seems other people got the job of doing that actual nitty-gritty during the negotiation. is that going to change this time? >> i think the president will be directly involved. he was in the conversations with speaker boehner and i would say that while this was a kind of close election, the reality is the president had the decisive victory and the president is very clear on this point that this was a choice election. that's the one thing he and mitt romney agreed on, right? you can assure that if mitt romney and paul ryan had won, they'd say they have a mandate r for imposing the ryan romney budget. the president talked about this issue. he says we need to ask higher income individuals to pay more to generate revenue, as par
. >> but he didn't back simpson bowles, which had the same plan. >> but the framework of his proposal, a mix of cuts and revenue, is much closer to simpson bowles than anything the republicans have put on the table. >> so, will the president negotiate this himself? a lot of reason people were upset with him, that the country was slit on this election was because it seems other people got the job of doing that actual nitty-gritty during the negotiation. is that going to change...
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we hear from simpson and bowles. other participants included alan greenspan and paul volcker. >> how many of you know how many lives have been put into this >> there is no way we can thank you enough. [applause] >> all of us involved in this effort, all we stand on the shoulders of pete peterson. >> i started with this marvelous man over 30 years ago when he said the have to do something about the solvency of social security. then we did that cda -- danfort thing. he wrote a beautiful book. persistence, loyalty, patriotism. he takes a lot of flak but he is a prince. >> i have chatted with the two of you several times when the commission first started. i could easily sit here and listen to you talk about these issues. but i wanted to get your sense of where we are now. as we speak, the president is meeting with john boehner, the first face-to-face talk. in december 2010, you called your plan the moment of truth. almost two years later, but moment are we at now? >> i think this is the magic moment. a moment when our ge
we hear from simpson and bowles. other participants included alan greenspan and paul volcker. >> how many of you know how many lives have been put into this >> there is no way we can thank you enough. [applause] >> all of us involved in this effort, all we stand on the shoulders of pete peterson. >> i started with this marvelous man over 30 years ago when he said the have to do something about the solvency of social security. then we did that cda -- danfort thing. he...
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i think there will be a new simpson-bowles effort, in fact simpson-bowles, they've been giving speeches, both of them all over the country. there is a new effort with commercials, kind of a grassroots effort, some $35 million has been raised by ceo's and private business to keep that effort from that report, the simpson-bowles report, alive. but the administration has never stopped mentioning it, even on the campaign trail. the trouble was you could never get to that consensus about broadening the tax base without raising the tax rates on the top level. martha: that's why paul ryan didn't vote for it, right? because he wanted the reform without the increase on the top level. >> he wanted healthcare in there as well and that wasn't in there. martha: let's talk a little bit about dependence on foreign oil, because the keystone issue will come back. the issue was the president said it's being evaluated. we're continuing to look at the keystone pipeline. a lot of critics said it's not going to happen until after the election. here we are after the election. is it only green jobs on the loss
i think there will be a new simpson-bowles effort, in fact simpson-bowles, they've been giving speeches, both of them all over the country. there is a new effort with commercials, kind of a grassroots effort, some $35 million has been raised by ceo's and private business to keep that effort from that report, the simpson-bowles report, alive. but the administration has never stopped mentioning it, even on the campaign trail. the trouble was you could never get to that consensus about broadening...
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simpson bowles. >> should start talking about new solutions. >> that was his commission. he was up for re-election. maybe it wasn't the greatest time to do system of those things. he should start talking about right now. simpson bowles. the fiscal cliff, that's something we've got to fix. >> do you know that in simpson bowles, they tax investment income as regular income? >> fine. >> as long as you're having an all-in debate with all of the components. >> just please get me back there. >> not necessarily, but it doesn't mean that you come to the table and you don't compromise. >> they don't go up, jared. they don't go up. they go down. >> closing the loopholes. >> of course they go up. they raise revenue. >> rise above. not rise rates. >> they raise revenue and cut spending. >> they've got to do both. they have to clean up the tax code. they're not revenue neutral. >> they're going to be with us for the rest of hour. ♪ [ female announcer ] today, it's not just about who lives in the white house, it
simpson bowles. >> should start talking about new solutions. >> that was his commission. he was up for re-election. maybe it wasn't the greatest time to do system of those things. he should start talking about right now. simpson bowles. the fiscal cliff, that's something we've got to fix. >> do you know that in simpson bowles, they tax investment income as regular income? >> fine. >> as long as you're having an all-in debate with all of the components. >>...
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Nov 7, 2012
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of the lame duck session and try to lay the groundwork for what could be a new negotiation with the simpson-bowles framework. a lot of work has been going on in the senate. bipartisan work. to resurrect it the president has to get in there and he can't -- this can't be i just won, so we're going to do things my way. it's got to be, okay, where can there be a real give and take? republicans have real choices to make. did the president win the fight over taxes last night? >> i looked in that poll. it sure looks like it to me. maybe not on health care. there were other things that didn't go so well but on taxes it wasn't even close. >> they have to go back and see if there's something of a grand bargain. from boehner's comments you would think there's something there. there's something else. the president has an opportunity to form a natural alliance with the business community that he failed to reach in the course of the fiscal cliff. you have bankers and other corporate ceos who are saying if you don't deal with the fiscal cliff, we're in another recession. we're not going to grow as an economy. th
of the lame duck session and try to lay the groundwork for what could be a new negotiation with the simpson-bowles framework. a lot of work has been going on in the senate. bipartisan work. to resurrect it the president has to get in there and he can't -- this can't be i just won, so we're going to do things my way. it's got to be, okay, where can there be a real give and take? republicans have real choices to make. did the president win the fight over taxes last night? >> i looked in...
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Nov 30, 2012
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what i find disturbing about it, because i happen to think they should go to the simpson bowles template, first disturbing is the reversal of that ratio. >> and you're taking the revenue number up to 1 puff.6. the agreement of last summer was 800 billion, i think. when you go to 1.6, you're basically talking, even though the stated rate might have to go to 39 p 5%, you're talking actually about a rate of 42% when you throw in the rates and -- and the medicare, you're talking a 45% top rate. >> and they want to cap some deductions on top of that. matt miller, you came from a fiscally conservative administration. >> that takes you to an effective rate in the low 42s. >> can i say calm down. it's an offer. >> you worked for alice arriven, and the clinton administration did a very good job -- that's me talking -- a very good job on this. matt, you know darn well this offer here is not serious by the democrats. >> i disagree, i'll tell you why. restores the clinton eera rates is not some catastrophe. it's a fair concern on the medicare thing. >> also doubling down when you include the deducti
what i find disturbing about it, because i happen to think they should go to the simpson bowles template, first disturbing is the reversal of that ratio. >> and you're taking the revenue number up to 1 puff.6. the agreement of last summer was 800 billion, i think. when you go to 1.6, you're basically talking, even though the stated rate might have to go to 39 p 5%, you're talking actually about a rate of 42% when you throw in the rates and -- and the medicare, you're talking a 45% top...
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Nov 9, 2012
11/12
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CNBC
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but do is in a simpson-bowles way. but what we saw this week very clearly, the far left is ready to go off the fiscal cliff because finally they'll get 39 -- >> so is the right. >> that's right. so is the right. the right is willing -- >> they think it's austerity. >> obama used to get mileage by backing the house into the corner of being obstructionist. they don't care anymore. they're at 8% approval rating. >> i think there are honestly a group of people in the house who think if you go over the fiscal cliff, it's the best thing for the economy. they think if you take your medicine and you take the punishment thousand. >> people on the left feel the same way because they'll at least get the high end back to 39.6. they want to reset everything to pre-bush tax cut and then try to leave it high. breaks to the lower people. so both sides are still this far apart. >> what i don't understand is not coming back to the table. i hope we hear something from the president later today. i've seen some of the early stuff from plou
but do is in a simpson-bowles way. but what we saw this week very clearly, the far left is ready to go off the fiscal cliff because finally they'll get 39 -- >> so is the right. >> that's right. so is the right. the right is willing -- >> they think it's austerity. >> obama used to get mileage by backing the house into the corner of being obstructionist. they don't care anymore. they're at 8% approval rating. >> i think there are honestly a group of people in the...
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Nov 13, 2012
11/12
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CSPAN
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and fix the debt is the net iteration of simpson-bowles. it's clarification and broadening of simpson-bowles. so what you're doing is c.e.o. a's on fix the debt is valuable and you need to stay with it. because we are at a crux, a breaking point, frankly, with the future of this country. and i think something has to be done in the lame duck session. i think a few things will be done. i think they'll take some small movement on sequestration, probably come up with $100 billion to address the question for next year, and then deal with it in the longer term issue next year. i think that the ground work is laid. if the president and boehner and reid and mcconnell will step up, we can see some really good things happen. it won't happen in the lame duck session. you can't do in 3 1/2 weeks what needs to be done. but next year is that moment of opportunity. and i think the work that's being done by fix the debt will help get a result. >> i agree. i'll just come back and say, i was disappointed when the president after simpson-bowles came out, didn
and fix the debt is the net iteration of simpson-bowles. it's clarification and broadening of simpson-bowles. so what you're doing is c.e.o. a's on fix the debt is valuable and you need to stay with it. because we are at a crux, a breaking point, frankly, with the future of this country. and i think something has to be done in the lame duck session. i think a few things will be done. i think they'll take some small movement on sequestration, probably come up with $100 billion to address the...
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Nov 3, 2012
11/12
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i have looked at pieces of simpson-bowles. there were some democrats and republicans and that was a hope for fixing this problem. the hope is in the middle. we must take a balanced approach. we need to compromise. we need to lower the corporate tax rate. we also have to create more revenue for the deficit. we cannot just cut the size of government. we need to cut the spending of government. this combination of things is how we can get to the compromise. we will not get their by shouting at each other. we will only get there in doing bipartisan support and meeting in the middle. >> thank you. next question goes to senator mccaskill. >> senator, what will the national press say about voters if your opponent is elected? >> i do not really care. it is not something i worry about, what the national press says. i am more worried about the people in the state and the things that they face. i am a mother with three young children. i know what it is like to live on paycheck to paycheck. that is what i am focused on. this preoccupation
i have looked at pieces of simpson-bowles. there were some democrats and republicans and that was a hope for fixing this problem. the hope is in the middle. we must take a balanced approach. we need to compromise. we need to lower the corporate tax rate. we also have to create more revenue for the deficit. we cannot just cut the size of government. we need to cut the spending of government. this combination of things is how we can get to the compromise. we will not get their by shouting at each...
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Nov 9, 2012
11/12
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CSPAN2
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additional down payment on the larger debt problem and it will almost certainly fit the template of simpson-bowles, rivlin-domenici and the gang of six which means a total of $4 trillion over 10 years. there is no plan. there's never been a plan, it's all just guidelines but 1.3 trillion of a coming it coming from revenue, along with commitment to serious restraint on all the entitlement programs including social security medicare and medicaid and restraining defense and domestic programs but not done through sequesters. probably with those guidelines and orders to the relevant committees in congress to come up with specific plans via the tax reform plan. now that maybe one in which mcconnell does not participate or it may be one in which he votes against, mindful of 2014 but i don't think this time he can do what he did so masterfully for four years which is to get everybody in unison voting against things and voting for filibusters on everything. a group of people that will include lamar alexander and bob corker and saxby chambliss and mike crapo and tom coburn and lisa murkowski and susan colli
additional down payment on the larger debt problem and it will almost certainly fit the template of simpson-bowles, rivlin-domenici and the gang of six which means a total of $4 trillion over 10 years. there is no plan. there's never been a plan, it's all just guidelines but 1.3 trillion of a coming it coming from revenue, along with commitment to serious restraint on all the entitlement programs including social security medicare and medicaid and restraining defense and domestic programs but...
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Nov 9, 2012
11/12
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at the same time, we had an announcement today by simpson and bowles bolstered by something like $35 billion, million dollars in business support for going aggressively on the road to promote this kind of plan. and my guess is that one of the first calls that obama will make it is to his old friend tom coburn to come in here and imagine the power anti-semite, if it happens, a meeting at the white house with tom coburn on one side, simpson and bolts behind you, probably not mitt romney but possibly, and jamie dimon and jeff chimel and a few other business leaders with you saying, we've heard the america, american people's plea for us to finally get together and solve these problems. you saw what we did with hurricane sandy. we can do this wit with a hurrie of the debt of the fiscal cliff coming. if only we can get it up to a vote in the house. that may not happen. and it may be that they came not we should deal on this plan because there's no plain error so easy procedural way to get a vote against the a few months down the road that should actually meet those targets. and, frankly, f
at the same time, we had an announcement today by simpson and bowles bolstered by something like $35 billion, million dollars in business support for going aggressively on the road to promote this kind of plan. and my guess is that one of the first calls that obama will make it is to his old friend tom coburn to come in here and imagine the power anti-semite, if it happens, a meeting at the white house with tom coburn on one side, simpson and bolts behind you, probably not mitt romney but...
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Nov 7, 2012
11/12
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MSNBCW
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but look simpson-bowles says we can do this. we can cut the corporate tax rates significantly by removing a lot of the corporate loopholes that would produce a whole lot of revenue. a boatload of revenue. the devil is in the i think for us as democrats we ought to be interested in one thing, steve. that's "x." "x" is what revenue is produced and if revenue is produced in a fair way i think that's the key and if it's enough revenue produced in away that's fair to the middle class regardless of how it comes we ought to consider that as a potential bargain. but i don't think we can say, look i'm in favor if i'm king of the world we would have the clinton tax rates back. 4%. but that's not going to just do it. raising the clinton tax rates for the top 1% or 2% of the country isn't going to produce enough revenue to get us there. >> governor quickly, you talked about we are in crisis and we have to make a deal and crisis is valuable to the gop in the congress and used it to limit the leverage the president and the democrats would hav
but look simpson-bowles says we can do this. we can cut the corporate tax rates significantly by removing a lot of the corporate loopholes that would produce a whole lot of revenue. a boatload of revenue. the devil is in the i think for us as democrats we ought to be interested in one thing, steve. that's "x." "x" is what revenue is produced and if revenue is produced in a fair way i think that's the key and if it's enough revenue produced in away that's fair to the middle...
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period, mitch mcconnell, is a minority leader of senate that does not approach him, discussion that simpson-bowles it was rejected by this president, and by the republican party, it is not a good plan. people need to understand this. it is not a plan that will be embraced by those who did not want to see higher taxes. the idea of that the president can speak to taxes and say, the president may say he has wanted it but there is no responsibility on part of john bainer to acceperbainer to acce. >> that is best thing to take the lou. this work. it is only backbone approach we've seen. lou: a backbone approach that does resolve the problem. neil: dave? >> we hava deal with the fiscal abyss. neil: cliff before the abyss. >> but avoid both. >> cliff is december 31. >> correct. neil: how do we get to that. >> first, i think that it is possible to be able to not extend some tax cuts, i would argue not 2% payroll tax cut, 99 weeks is enough for unemployment. neil: upper income tax thing is gone. >> it may have to go. you may have some spending reductions, much less than scheduled right now. lou: a practica
period, mitch mcconnell, is a minority leader of senate that does not approach him, discussion that simpson-bowles it was rejected by this president, and by the republican party, it is not a good plan. people need to understand this. it is not a plan that will be embraced by those who did not want to see higher taxes. the idea of that the president can speak to taxes and say, the president may say he has wanted it but there is no responsibility on part of john bainer to acceperbainer to acce....
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Nov 4, 2012
11/12
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do you support that part of the simpson-bowles plan? lower the tax rate, but get rid of the substantial part of some of the deductions that are costing as revenue now? >> we need to keep the deductions that are helping working people, the health care and mortgage deductions. we want a fair approach to balancing the budget, or do want to balance it on the backs of working people? but the time i retire in 40 years, i will get a 5% cut in social security payments and we are talking about raising the medicare age. >> i think we need to balance the budget. there is a balanced way to do that. simpson-bowles has a lot of good suggestions but it was not meant to be net -- legislation necessarily. i think as president clinton did when he balanced the budget, he was here and we talked about. we know the formula. it is not that complicated. you raise taxes on people who can afford it, but that is typical over a million dollars. that is a lot of revenue. you also make sure that we have economic growth. particularly in areas like transportation and
do you support that part of the simpson-bowles plan? lower the tax rate, but get rid of the substantial part of some of the deductions that are costing as revenue now? >> we need to keep the deductions that are helping working people, the health care and mortgage deductions. we want a fair approach to balancing the budget, or do want to balance it on the backs of working people? but the time i retire in 40 years, i will get a 5% cut in social security payments and we are talking about...
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Nov 26, 2012
11/12
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FOXNEWSW
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erskine bowles, coauthor of the simpson-bowles plan, they want the business community to hear their ideas after president obama met with ceos two weeks ago. a big deal should include spending cut and reforms. >> chief white house correspondent ed henry is reporting that both sides cannot agree on whether they are still talking. >> the republicans suggest fiscal talk hit impasse and demand that president obama show leadership to break it. >> we'll wait on the president and hope he can bring people together to forge a compromise. if he does, we will get there and if he doesn't, we won't. that simple. white house released a report on cyber monday warning that a deadlock would crush retailer and devastate consumer spending, white house spokesman carney pushed back on the idea that the talks are stalled, as well as that the president is not showing leadership. >> so he spent mixed signals on the white house willingness to make concessions. >> he is clear about the president's interest and willingness to compromise. but also, his clear insistence that he will not sign an extension of the bush e
erskine bowles, coauthor of the simpson-bowles plan, they want the business community to hear their ideas after president obama met with ceos two weeks ago. a big deal should include spending cut and reforms. >> chief white house correspondent ed henry is reporting that both sides cannot agree on whether they are still talking. >> the republicans suggest fiscal talk hit impasse and demand that president obama show leadership to break it. >> we'll wait on the president and hope...
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Nov 13, 2012
11/12
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if we get a deficit grand bargain into place, note that paul ryan voted against simpson/bowsimpson simpson/bowles, if we get that in place, suddenly that argument is off the table. so, it's not going to be all that easy for some of these people to say, okay, we're finished here. i think it's a mistake to accuse politicians of having too much cynicism. lot of people painted themselves into a corner, an identity of being very, very pure conservative deficit hawks. it's going to be hard for them to let that go. >> speaker boehner said over the weekend, he doesn't want to box himself in, do you feel confident that he's going to come to the table and he'll be workable on a situation? >> i rarely feel confident about congress. speaker boehner has shown that he wants to cooperate. the republicans lost the election in 2012. so, he's got his own legacy incentives to make this happen. something people didn't notice boehner's speech a week ago, came before the new republicans came to d.c. where he was leading from behind, so to speak, doing outreach and very concerned about whether or not he can keep
if we get a deficit grand bargain into place, note that paul ryan voted against simpson/bowsimpson simpson/bowles, if we get that in place, suddenly that argument is off the table. so, it's not going to be all that easy for some of these people to say, okay, we're finished here. i think it's a mistake to accuse politicians of having too much cynicism. lot of people painted themselves into a corner, an identity of being very, very pure conservative deficit hawks. it's going to be hard for them...
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Nov 10, 2012
11/12
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CNN
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you have simpson bowles sitting out there. what you have to do is get past this question. >> i want to play on a totally different note, a remarkable video that the obama campaign released on the morning after he won his re-election, and he gets very emotional. >> i felt that the work that i've done, in running for office, had come full circle. because you guys have done means that the work that i'm doing. i'm really proud of that. i'm really proud of you. and -- >> it's not often you see the president of the united states crying. >> we have not seen that really from him. political cartoonists sometimes draw him as mr. shock. i think it's just a reminder, we've talked this week about how close this election was in the popular vote. the extraordinary reality of winning the re-election against the head wind of the economy, how extraordinary an accomplishment for him and his team, i think you see the emotion coming through there. >> i think it's the side of the president we really haven't seen. i mean, you'll recall during this c
you have simpson bowles sitting out there. what you have to do is get past this question. >> i want to play on a totally different note, a remarkable video that the obama campaign released on the morning after he won his re-election, and he gets very emotional. >> i felt that the work that i've done, in running for office, had come full circle. because you guys have done means that the work that i'm doing. i'm really proud of that. i'm really proud of you. and -- >> it's not...
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Nov 12, 2012
11/12
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CURRENT
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people say obama was wrong because he didn't adopt simpson bowles. it wasn't even adopted by their own committee. >> it wasn't adopted by their own committee and paul ryan voted against it. >> sure, it is a serious plan. these are serious guys. >> bill: quickly ed is in hedgesville, west virginia. >> caller: how are you doing today? >> bill: good. what's your point? >> caller: i've got two things. i think one of the most ridiculous comments i've heard a guest say in a long time. the statement was made that if they raise taxes they will lose their base because their base is millionaires for some reason, the only people -- >> bill: a lot of republicans think that. >> caller: this is what -- i'm so tired of hearing comments like that because it isn't they lose their base. they would lose their funding. okay. they may actually get their base back. common sense republicans you noy, who have left, left the party, the last two elections for the first time in my life, i'm 50 years old. i voted in every presidential election and the first time in my life i di
people say obama was wrong because he didn't adopt simpson bowles. it wasn't even adopted by their own committee. >> it wasn't adopted by their own committee and paul ryan voted against it. >> sure, it is a serious plan. these are serious guys. >> bill: quickly ed is in hedgesville, west virginia. >> caller: how are you doing today? >> bill: good. what's your point? >> caller: i've got two things. i think one of the most ridiculous comments i've heard a guest...